An arrest warrants was issued by the Makati City Regional Trial Court(RTC) on a Philippine Daily Inquirer reporter and the newspaper's editors over the libel complaint of former Vice President Jejomar Binay.

The Libel raps filed by former VP Binay was in connection with Inquirer's banner story linking him to a remittance company being investigated in the laundering of $81-million funds of the Bangladesh Bank.

Based upon the arrest warrants issued by the Makati City RTC, ordered arrested were Nancy Carvajal, Jose Ma. Nolasco, Artemio Engracia Jr. and Nilo Paurom. The news of arrest warrants being issued to the reporters and staff of Inquirer came first when it was posted in the official website of The Tribune.

Based upon the warrant order issed by Makati RTC it stated that "after a personal determination of whether a crime has been committed and whether there exists probable cause for the issuance of a warrant against the accused and (their) subsequent trial, the court is convinced from the evidence presented at the Prosecutor’s Office, its Resolution and from the records of the case that indeed the crime charged has been committed.” The court recommended a bail of P10,000 for each of the accused.

The Libel case filed against Inquirer stemmed from their banner story on Anti-Money Laundering (AMLC) report that a firm linked to VP Binay sent more than P100 million to Hong Kong using the alleged remittance company involved in the laundering of $81 million from the account of Bank of Bangladesh.

The Law Office of VP Binay through lawyer Claro Certeza dismissed the AMLC report and even called the report as a "pathetic attempt" to supposedly divert public to the alleged money laundering scheme being investigated by the Senate.